618-620 SW 14th Ter
Fort Lauderdale, FL 33312
Multifamily Property For Sale
·
7 Units
Property Facts
| No. Units | 7 | Building Size | 4,893 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.84/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | RD-15, Ft Lauderdale | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,893 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | RD-15, Ft Lauderdale |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- Oven
- Yard
- Freezer
- Patio
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Gated
About 618-620 SW 14TH TER , FORT LAUDERDALE, FL 33312
Take a look around it quickly becomes apparent the current professional management company has invested heavily at this seven unit site. From elaborate landscaping to pavers and dedicated patios, it has a resort feel and atmosphere with old world Florida charm. The free standing two bedroom, one bath house are unique for a seven unit property. This will always command a strong rent as there are very few like it in the submarket. Especially since it has a dedicated washer/dryer. With many rentals on the market that have decades old awning or jalousie windows, this property is more attractive with its newly installed impact windows. Insurance rates will be more favorable as well. If you study the recent sale comps, you will notice they do not have the same feel as this property. Tenants migrate toward buildings that feel like a home with a sense of uniqueness. This property will certainly impress and stand out amongst the others.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,095 | 650 |
| 1+2 | 1 | $1,195 | 680 |
| 2+1 | 1 | $1,500 | 850 |
Property Taxes
| Parcel Number | 50-42-09-02-1710 | Improvements Assessment | $979,240 |
| Land Assessment | $58,120 | Total Assessment | $1,037,360 |
Property Taxes
